While separate perpetual inventory records are normally kept for raw materials and finished goods, most companies do not use perpetual records for work-in-process.

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Quizplus · Accepted Answer

Perpetual inventory systems are typically used for raw materials and finished goods to track inventory levels continuously. However, work-in-process inventory is often not tracked perpetually due to its complexity and the difficulty in accurately measuring the progress of partially completed goods.

While Separate Perpetual Inventory Records Are Normally Kept for Raw